Guideline Value for NAVALAR NEDUNCHEZHIAN ROAD

Navalar Nedunchezhian Road guideline value

The current guideline value of Navalar Nedunchezhian Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, with a land classification of Residential Special Type - II.

How the guideline value of Navalar Nedunchezhian Road has changed

The guideline value for Navalar Nedunchezhian Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,526 per sq.ft. This increased to Rs 1,688 per sq.ft in 2003, marking an increase of 11%. The 2007 revision saw a significant jump to Rs 1,800 per sq.ft, reflecting a 7% rise. By 2012, the value reached Rs 10,000 per sq.ft, representing a substantial increase of 456%. However, the 2017 revision saw a decrease to Rs 6,700 per sq.ft, a drop of 33%. The value then rose to Rs 10,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 621%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Navalar Nedunchezhian Road is above this median.

• Navabharath Colony 2nd Street: Rs 11,000 per sq.ft (2024)
• Navabharath Colony 1st Street: Rs 11,000 per sq.ft (2024)
• Navabharath Colony: Rs 11,000 per sq.ft (2024)
• Navarathina Avenue: Rs 11,000 per sq.ft (2024)
• Natesan Street: Rs 7,150 per sq.ft (2024)
• Nethaji Nagar North Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Navalar Nedunchezhian Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, leading to a total of Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Navalar Nedunchezhian Road?

The Sub Registrar Office that covers Navalar Nedunchezhian Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value plays a crucial role during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. This ensures compliance with local regulations and helps maintain transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Navalar Nedunchezhian Road?

The current guideline value of Navalar Nedunchezhian Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,526 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 621%.

What is the land classification for Navalar Nedunchezhian Road?

The land classification for Navalar Nedunchezhian Road is Residential Special Type - II.

How is stamp duty calculated for properties in Navalar Nedunchezhian Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 7,70,000.

Where can I find the Sub Registrar Office for Navalar Nedunchezhian Road?

The Sub Registrar Office for Navalar Nedunchezhian Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.